Ben Bernanke

Worse than Bernanke and Yellen.

Liberal philanthropist and political financier George Soros asserted that the people of Britain have a genuine sense of regret and shock in the wake of the Brexit vote to leave the European Union.

On Friday’s “McLaughlin Group,” columnist Pat Buchanan argued that “a lot of the things” done by President Obama in 2008 and 2009, “some of which the Republican Party opposed,” “basically rescued the American economy.” Buchanan said, in response to a

Gary Kaltbaum, president of Kaltbaum Capital Management and a Fox News contributor, appeared on Breitbart News Saturday to discuss the state of the economy. He advised against buying into the media spin that recent economic news has been good for the Obama legacy.

Both ISIS and al-Qaeda recently published new editions of their magazines. The al-Qaeda mag, called Inspire, calls for “lone wolf” terrorist attacks to murder a list of wealthy Americans.

At the Jackson Hole Economic Summit the American Principles Project demonstrated that the people can’t be fooled in the long term by monetary magic forever. In a national poll by McLaughlin & McLaughlin 1,000 respondents were asked if they would support the Gold Standard in the United States. 39% replied yes, 15% replied no, and 46% were undecided. That is more than a 2:1 ratio for favorability.

These results and the margin between approve and disapprove are better than recent polls on the Federal Reserve or its recent leaders as shown in recent Gallup polls over the last two years: Negative on the Fed and its leaders are very high, while negatives on Gold are very low.

I must admit I was appalled to hear of Treasury Secretary Jack Lew’s decision last week to demote Alexander Hamilton from his featured position on the ten dollar bill. My reaction has been widely shared, see for example here, here, here, here, and here.